Reckitt: stock wrecked after annual results

(CercleFinance.com) - Reckitt Benckiser has slumped 10% in London today, after the consumer staples supplier announced a 5.
4% fall in adjusted EPS to £3.23 for the past financial year, at the end of a Q4 that it admitted was "unsatisfactory".

Also on a non-IFRS basis, the British company's operating margin slipped 0.7 point to 23.1% on revenues of £14.6bn, up 3.5% LFL, thanks to its hygiene (+5.1%) and health (+5%) divisions.

A total dividend of 192.5 pence (+5%) will be proposed for 2023. For 2024, Reckitt anticipates LFL revenue growth of 2% to 4%, as well as stronger growth in adjusted operating profit.


Copyright (c) 2024 CercleFinance.com. All rights reserved.